Lawmakers were due to meet in an extraordinary session to ratify the terms of the aid, which is conditional on Cyprus winding down its second-largest bank and imposing heavy losses on uninsured depositors in another. Voting was expected on Tuesday afternoon....

The weekend announcement that Cyprus would impose a tax on bank accounts as part of a €10-billion bailout by the European Union broke with previous practice that depositors' savings were sacrosanct. The euro and stock markets fell on concern...